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There are exceeding 5 lakh firms that have stopped their business operations whereas there are over 7 lakh new companies that were set up in the last six years. The data record is from 1st April 2016 which stands with a total figure of 5,00,506 firms who get stoped their business operations. Meanwhile, 7,17,049 new […]
Recently the decision by Calcutta high court for the GST registration cancellation was held on the grounds of hyper technicality. It also creates an environment for revenues and business employment. On 8th Feb the applicant, M/s. CIGFIL Retail Pvt. Ltd. has asked the impugned order where it mentioned the cancellation of the GST registration below […]
At the present time, there are 2 tax slabs – 5% for bills below Rs 999 and 12% towards the bills apart from that. GST official has specified that the GST price amendment from the date Jan 2022 so as to improvise the inverted duty plan towards the Footwear and textile sector. GST is subjected […]
Covid-19 has influenced people all across the world in a bigger way. It produces an effect on the financial state of the people living in the world. Towards the medical treatment for those who get influenced through covid-19. Here, we have mentioned all details about income tax refund of TDS deducted on medical treatments for […]
For the so-called best managers (wives), The Income Tax Appellate Tribunal (ITAT), Agra bench has recently provided a big relief. The Bench consisting of the Accountant Member Dr. Mitha Lal Meena and Judicial Member Lalit Kumar has passed a ruling. The ruling is as follows: The cash deposit, which has been undertaken by the housewives […]
Good news for entrepreneurs who are planning to venture into Micro, Small, and Medium Enterprises. The Minister for Micro, Small, and Medium Enterprises (MSME), Shri Nitin Gadkari declared the simplification of the process of registration for Micro, Small, and Medium Enterprises. Shri Gadkari in an event announced that now only Aadhaar and PAN shall be […]
The Group of Ministers (GOM) led by Meghalaya chief minister Conrad Sangma submitted to the council on Monday the recommendation that No change in the 5% GST rate for Covid vaccines Reduce GST to 5% on both commercial imports and domestic supply of most other Covid medicines and materials. Furthering the recommendations, the GOM also […]
In the era of Quarantine amidst the Corona Crisis with which our country and the entire world are grappling, The employers covered under ESI Scheme can now file & pay ESI Contribution via Gen Payroll Software for the month of April 2021 till June 15, 2021 — the Previous Last Date was May 15, 2021. […]
GST revenues for March 2021, collected in April 2021, have shot up to a record high of Rs 1,41,384 crore —14% higher than that of the previous month even in the wake up of the second wave of the Corona pandemic. Thanks to GST’s foolproof mechanism that has led to a spurt in GST collection […]
